Page 1184 - Finance News
Rajan gets his way on RBI's restructuring plan
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals
 "Rajan gets his way on RBI's restructuring plan")
 "RBI revises rules on reporting of bad loans")
 "RBI advisor says rate cut may be possible in March")
Corporate bond market awaits partial credit enhancement rules
New guidelines will benefit corporate bond market, with many new issuers tapping it
HDFC Bank Q2 net up 20% at Rs 2,380 crore, lags estimates
Gross NPA at 1.02% compared to 1.07% q-o-q
 "HDFC Bank Q2 net up 20% at Rs 2,380 crore, lags estimates")
PNB Q2 net up 13.8% at Rs 575 crore
Asset quality worsens, gross NPA at 5.65% compared to 5.48% q-o-q
 "PNB Q2 net up 13.8% at Rs 575 crore")
IDBI Bank raises Rs 2, 500 cr capital via AT-1 bonds
The bank, in a statement, said the size of its Basel-III-compliant AT-I bonds was Rs 1,500 cr, with an option to retain over-subscription up to Rs 1,000 cr
 "IDBI Bank raises Rs 2, 500 cr capital via AT-1 bonds")
YES Bank plans to enter credit card business
Not to charge own customer for more than 5 ATM transactions
 "YES Bank plans to enter credit card business")
RBI, FMC to discuss entry of foreign, domestic institutions in commodity futures
The Reserve Bank of India (RBI) and the Forward Markets Commission are meeting next week to consider the proposal
 "RBI, FMC to discuss entry of foreign, domestic institutions in commodity futures")
Corporate bond issuance at 7-year high in Sept
The latest data from the Sebi show companies raised around Rs 58,000 cr in Sept through private placement of bonds
 "Corporate bond issuance at 7-year high in Sept")
Loan recast hinges on coal supply to steel, power sectors
According to industry estimates, about Rs 3 lakh-crore bank funding is stuck in several companies, which are into infrastructure development, due to deallocation of the coal blocks by the apex court
 "Loan recast hinges on coal supply to steel, power sectors")
Yes Bank raises $422 million by dual currency loan facility
The loan facility has a maturity of one, two and three years
 "Yes Bank raises $422 million by dual currency loan facility")
Gas price hike to put pressure on retail inflation
Cut in diesel price to have minimum impact on CPI
 "Gas price hike to put pressure on retail inflation")
Share & Asmitha submit business revamp plan to bankers
Under the plan, the non-Andhra Pradesh portfolio of both MFIs is to be demerged, and consolidated into one
 "Share & Asmitha submit business revamp plan to bankers")
 "India's foreign exchange reserves rise by $1.31 bn")
Canara Bank to raise up to Rs 85 crore through share sale
It had said it would raise Rs 1,500 crore through a tier-I perpetual bond issue
 "Canara Bank to raise up to Rs 85 crore through share sale")
Axis bank reduces base rate by ten basis points
The lender has revised its base rate to 10.15% from 10.25%
 "Axis bank reduces base rate by ten basis points")